Archive: Alicia H. Munnell
Working longer – when possible – has been generally accepted as good advice for a secure retirement. It directly increases current income; it allows people to contribute more to their 401(k)s; it shortens the period of retirement; and, importantly, delaying claiming of Social Security results in a much higher monthly benefit…
Probably not – most of the drivers have played themselves out. Let’s take a deep breath and step back from the daily news cycle, where the Social Security Administration is under repeated attack, and take a look at recent trends in retirement patterns and what they are likely to look like going forward. Prior to…
